Cryptocurrency

Arizona senator keeps pushing to make Bitcoin legal tender

Republican Senator Wendy Rogers introduced a bill on Jan. 25 proposing to include Bitcoin (BTC) in the list of currencies recognized as legal tender in Arizona. If passed, Arizona will become the first US state to adopt Bitcoin as its official currency.

If approved, the bill would allow Arizona residents to buy and sell goods and services and pay taxes and dues in BTC.

Rogers previously introduced Specification SB 1341 aims to make Bitcoin legal tender in January 2022. The new bill SB1235proposes to amend the definition of fiat currency to include BTC in existing legislation, in addition to declaring the largest cryptocurrency as legal tender.

But it is doubtful whether Arizona will be able to pass the bill.US Constitution State specific restrictions From creating your own legal tender.

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